Regulatory Alerts2023-06-26
Added · Updated
Instruction No. 15/2023
This Instruction regulates the reporting of international banking statistics on a consolidated basis to Banco de Portugal, replacing Instruction No. 7/2017. It applies to banks, mutual agricultural credit banks, the Central Mutual Agricultural Credit Bank, and savings banks headquartered in Portugal, excluding branches of foreign credit institutions. The Instruction redefines the scope of entities covered by exempting "non-resident banking groups (type B)" and establishes new reporting requirements and clarifications for resident entities. Information must be reported quarterly, within 60 days of the quarter's end, using specific tables (A1 and A2), and the Instruction enters into force on December 1, 2023.
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